Bitcoin Falls Below $95,000 Mark as Short-Term Investors Sell at Loss
Bitcoin has fallen below $95,000, experiencing a 10% drop from its highs of $102,760 over the past three days. Currently, it appears to have established a support level around $91,150, a critical threshold not breached since November 15.
Key points:
- The Spent Output Profit Ratio (SOPR) is at 0.987, suggesting short-term investors are selling at a loss.
- A SOPR below 1 historically indicates potential price increases following such conditions.
- Current market dynamics provide accumulation opportunities for investors as prices may decline further.
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